Trying to stay above 100 bar MA on 4-hour chart.
The USDCAD has moved above the 100 bar MA on the 4-hour chart at the 1.3370. That is nothing new. We have seen moves above that MA on a number of occasions over the last few weeks. What we have not seen is two consecutive 4-hour bars above the MA line over the last few weeks. We are in the midst of the 2nd bar above the MA line. So buyers are keeping control.